CO | The Colorado Division of Insurance today announced the adoption of Emergency Regulation 23-E-03. It protects homeowner policyholders impacted by catastrophic disasters from unreasonable delays in claims processing by insurers. It specifically addresses the tolling of additional living expense (ALE) coverage and recoverable depreciation (RCV).
The regulation is in effect as of April 27, 2023.
Click here to read the announcement for further details.